All Forum Posts by: Kaleb Musie

I'm now writing my review as I figured it would be best after actual experience. This is for those considering the turnkey route. I first purchased my rental in Memphis through @Alex Craig Turnkey Properties company in 2017. I decided his company specifically after thoroughly conducting my due diligence on bigger pockets from others who purchased. In addition, for outstanding questions I had, I called Alex and he took the time to not only answer them thoroughly but also offered to clear his day if I decided to fly out to Memphis for further discussions. Alex was honest, patient, and even suggested not purchasing properties that didn’t fit my investment goals that I had communicated to him and this to me helped me to discern his level of integrity.

After purchasing the property, I’ve had the same tenant and maintenance has been minimal with no capex expenses. To me, ensuring the renovations were completed with quality on the front end in order to avoid deferred maintenance was a key focus. In addition, the overall purchase process was seamless and property management has been great as I’ve never missed receiving any payments. If anyone has any questions, feel free to reach out and I’ll provide more input about my experience.

@Wilson Cheung Definitely recommend @Curt Davis. He's extremely knowledgeable about the Memphis market, honest, and very helpful. He helped me to navigate the best options for my specific investment goals as I'm in the process of purchasing a property in Memphis and recommended another provider as I was looking for something specific, so that speaks highly of his character as he had my best interest. 

@Curt Davis Awesome, thanks Curt! 

P.S. I didn't want to keep asking you too many questions, so I figured posting it here. 

@Ryan Leavitt Thank you for the response! That makes sense. Yes, I got confirmation from the agent that the management company is the master policy holder of the program and investor properties are added in. Of course the home is in my name and I'm the insured. 

Hello Everyone,

I'm purchasing an investment property in Memphis, TN and wanted to verify the information below is not problematic.

Through research, I came across that Name Insured should equal name on deed, otherwise, it'll be problematic when I try to file a claim.

The insurance policy I want to go with has a program that's associated with the company I'm purchasing the property from, in that, it's more cost effective.

The way the policy is setup is that, the property management company is the main Named Insured as they are the policy holder. It allows them to handle any claims on my behalf, including signatures and payouts. I'm the Named Insured on the property. The Insurance agent said that the insurance company views it this way and most lenders do not have any issues either.

Is this fine?

Hello Everyone,

I'm looking to partner with any companies or individuals that are involved in purchasing distressed/foreclosed properties, rehabbing, and ultimately flipping. My goal is to help in anyway I can with the business and really volunteer my hours and in turn learn the process/model so that I may apply those principals in my investments in the future. 

Currently, I have been studying real estate investing for the past year and I'm in the process of purchasing my first investment property out of state. Ultimately, I'll be purchasing through a turnkey provider or working with an agent in buying a property at market value that is rent ready. 

As stated above though, my hope for the subsequent deals is to work under others who are successful to learn the lead generation business to find off market properties, distressed/foreclosed homes, learning how to properly outsource rehab work thereafter, etc.

If anyone can recommend companies or individuals in the Northern Virginia area that I could reach out to, I'd appreciate that.

Thanks in advance for taking the time out to read this!

@Fletcher Caulk for the price range you've mentioned, reach out to , @Curt Davis, @Alex Craig and @James Wachob. There's no need to be on a waiting list and the individuals I've listed know the market well, in addition to having Turnkey Properties. 

Great to hear your story and all of the success! I'm sure many more will come! @Billy Maloney is a great resource to consult as he answered all of my questions and helped ease the idea of not only a new investor but also buying out of state.

helo Barry, I'm also an investor from ashburn. I'm currently looking at markets out of state since northern va price points are quite high. Let me know if there's anything I can help with as I've done market analysis of Loudoun county

Hello Everyone,

I'll soon be buying my first rental ( 2-4 months) and wanted to get advise on establishing a team (CPA/Lawyer).

Because of my market, I may be investing out of state. So legally, is it best to have a CPA and a lawyer in the state in which I buy the properties or can I simply work with local ones?

In addition, I definitely would like work with a CPA in order to take advantage of tax savings, however, should I only be concerned getting a lawyer once my portfolio grows/has significant equity? Or is it best to simply establish a structure right away such as an LLC if my goal is in fact to continue to buy properties?

Finally, if anyone can recommended a good CPA in Norther Virginia or located anywhere so that I can talk to to get a better understanding before making a decision, that'd be great!

Thank you